Graham King’s GK Films — the producer of the Oscar-nominated film The Departed — has purchased the film rights to the 2006 Tony Award winner for Best Musical and will adapt the story of of how Frankie Valli, Bob Gaudio, Tommy DeVito and Nick Massi became pop superstars as The Four Seasons for the silver screen. Officially dubbed Jersey Boys: The Story of Frankie Valli & the Four Seasons, the show — which won four Tonys– follows the rise of the famous pop group, which made its name with signatures tunes like “Sherry,” “Big Girls Don’t Cry,” “Walk Like a Man,” and “Can’t Take My Eyes Off Of You.”

King calls Jersey Boys an “electrifying” theatrical experience that “has all the ingredients to become a big commercial hit movie.”

Steven Spielberg, Tom Hanks, Warner Bros., and 20th Century Fox were all eager to produce a film adaptation of the musical before King snapped up the rights for a seven-figure sum. The producer’s ties to Martin Scorsese, who is admired by lead singer Valli, reportedly helped GK Films close the deal.

Valli and Bob Gaudio, the group’s keyboardist, will executive produce.

“We are extremely excited about the passion and commitment expressed by GK Films to take Jersey Boys to another level,” said Valli and Gaudio. “Graham King has been a believer from day one. We are in good hands.”